Dollar touches Rs153 in open market

KARACHI: With a consistent upward trend, the US dollar touched a new record high of Rs153 in the open market on Tuesday.

With an increase of Rs1.36, the rate increased to Rs153 in the open market.

The rupee has continued to slide down against the greenback in recent weeks. The dollar was recorded at Rs150 on Friday, at Rs147 on Thursday and Rs144 on Wednesday, in the past week.

It may be noted that the rupee went into free fall following three days when PM’s adviser on Finance Abdul Hafeez Sheikh announced the finalization of a three-year bailout with the International Monetary Fund (IMF) for $6 billion.